Unicaja is clinging like a burning nail to the 2023 lows

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The financial institution’s securities have fallen 16% from intraday highs in late November to today’s lows.

Since Unicaja pulverized the base of the large site in which it was immersed in mid-December, we warned about the possibility of it ending Return to the origins of the movement, that is the horizontal support of 0.88 euros: the minimum of 2023. And that’s how it was. This morning it marked an intraday low at 0.8735 euros and at this moment we are trading at p

Since Unicaja pulverized the base of the large site in which it was immersed in mid-December, we warned about the possibility of it ending Return to the origins of the movement, that is the horizontal support of 0.88 euros: the minimum of 2023. And that’s how it was. This morning it marked an intraday low of 0.8735 euros and is currently trading above 0.89 euros. We will closely follow the conclusion of today’s meeting and in particular tomorrow’s meeting how the weekly candle closes.

After the sharp declines over the last month and a half, the fact that we are at key support levels, along with that extreme daily and weekly overselling support the possibility that he will try it from here Build some kind of consistent and long-lasting bounce. Of course, the loss of 0.8750 eurozone closing prices would trigger a new and clear sign of weakness. Above, on the resistance side, the most immediate is the last falling maximum (0.94) and above that is the 0.97-0.9750 area, previously strong support.

At this point the truth is this If there’s a need to jump into the pool in the title, it’s nowin the full support zone and with a Stop loss on closes below today’s lows.

#Unicaja #clinging #burning #nail #lows

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